B. Riley Research Analysts Raise Earnings Estimates for Saul Centers Inc (BFS)

Saul Centers Inc (NYSE:BFS) – Analysts at B. Riley upped their Q1 2019 earnings per share estimates for shares of Saul Centers in a note issued to investors on Wednesday, August 8th. B. Riley analyst C. Kucera now anticipates that the real estate investment trust will post earnings per share of $0.84 for the quarter, up from their prior estimate of $0.83. B. Riley currently has a “Neutral” rating and a $58.00 price objective on the stock.

BFS has been the subject of several other reports. ValuEngine lowered Saul Centers from a “hold” rating to a “sell” rating in a research note on Monday, July 16th. Zacks Investment Research raised Saul Centers from a “sell” rating to a “hold” rating in a research note on Friday. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Saul Centers has an average rating of “Hold” and an average price target of $56.50.

NYSE:BFS opened at $55.56 on Monday. The company has a market capitalization of $1.25 billion, a PE ratio of 18.52, a P/E/G ratio of 3.60 and a beta of 0.66. Saul Centers has a 1 year low of $46.71 and a 1 year high of $65.43. The company has a debt-to-equity ratio of 4.27, a current ratio of 1.96 and a quick ratio of 2.30.

Several hedge funds and other institutional investors have recently modified their holdings of BFS. Deutsche Bank AG raised its holdings in shares of Saul Centers by 110.4% in the fourth quarter. Deutsche Bank AG now owns 29,417 shares of the real estate investment trust’s stock worth $1,815,000 after buying an additional 15,435 shares during the period. Millennium Management LLC raised its holdings in shares of Saul Centers by 50.8% in the fourth quarter. Millennium Management LLC now owns 37,885 shares of the real estate investment trust’s stock worth $2,339,000 after buying an additional 12,762 shares during the period. MetLife Investment Advisors LLC purchased a new stake in shares of Saul Centers in the fourth quarter worth approximately $334,000. Dupont Capital Management Corp purchased a new stake in shares of Saul Centers in the first quarter worth approximately $427,000. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Saul Centers by 4.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 135,694 shares of the real estate investment trust’s stock worth $6,917,000 after buying an additional 6,268 shares during the period. Hedge funds and other institutional investors own 44.72% of the company’s stock.

In other news, insider Scott V. Schneider sold 3,500 shares of the stock in a transaction that occurred on Thursday, July 5th. The stock was sold at an average price of $54.59, for a total value of $191,065.00. Following the sale, the insider now directly owns 4,500 shares in the company, valued at $245,655. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO B Francis Saul II purchased 750 shares of Saul Centers stock in a transaction dated Thursday, May 31st. The stock was acquired at an average price of $49.51 per share, for a total transaction of $37,132.50. Following the completion of the acquisition, the chief executive officer now owns 36,625 shares of the company’s stock, valued at approximately $1,813,303.75. The disclosure for this purchase can be found here. Corporate insiders own 49.60% of the company’s stock.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 31st. Stockholders of record on Tuesday, July 17th were issued a $0.52 dividend. The ex-dividend date of this dividend was Monday, July 16th. This represents a $2.08 annualized dividend and a dividend yield of 3.74%. Saul Centers’s payout ratio is 65.41%.

Saul Centers Company Profile

Saul Centers, Inc is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 58 properties which includes (a) 49 community and neighborhood shopping centers and six mixed-use properties with approximately 9.2 million square feet of leasable area and (b) three land and development properties.

Featured Story: Investing in Growth Stocks

Earnings History and Estimates for Saul Centers (NYSE:BFS)

Receive News & Ratings for Saul Centers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saul Centers and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply